LOCAL MEDIA FOUNDATION

LAKE CITY, MI, 49651-0450 (231) 839-8651 Est. 2001 EIN 36-4427750

P50— Human Services Form 990 501(c)(3)

WWW.LOCALMEDIA.ORG/FOUNDATION.ASPX

Mission

THE LOCAL MEDIA FOUNDATION'S MISSION IS TO ENSURE A HEALTHY FUTURE FOR LOCAL JOURNALISM, WHICH IS ESSENTIAL TO A STRONG DEMOCRACY, BY REINVENTING BUSINESS MODELS FOR NEWS.

Giving Portfolio

Total Grants

109

Total Giving

$6.8M

Recipients

105

Years Active

2022 - 2024

Avg grant: $61,109 Median: $41,125

Yearly Trends

Year	Grants	Total Giving	Avg Grant	New	Repeat
2024	44	$2.9M	$66K	13	29
2023	38	$2.4M	$63K	19	18
2022	27	$1.4M	$54K	26	0

Sectors Funded

Arts, Culture & Humanities

3

Education

3

Employment

1

Top States

New York

13

Texas

11

California

11

District of Columbia

10

Illinois

7

North Carolina

7

Michigan

6

Pennsylvania

5

and 16 more states

Grantee Size Profile

$100K - $500K

5

$10M - $50M

3

Top Grantees

Page 1 of 3

THE COLUMBIAN PUBLISHING COMPANY

NY

$395K

THE COLUMBIAN PUBLISHING COMPANY

WA

$358K

WORD IN BLACK PBC

DC

$350K

COLUMBIAN

NY

$343K

AFRO AMERICAN CO BALTIMORE CITY

MD - 3 grants

$274K

HOUSTON DEFENDER NEWSPAPER INC

TX - 3 grants

$266K

THE WASHINGTON INFORMER

DC - 3 grants

$264K

AMERICAN PUBLISHING COMPANY DBA ST LOUIS AMERICAN NEWSPAPER

MO - 3 grants

$228K

AMNEWS CORPDBA NEW YORK AMSTERDAM NEWS

NY - 2 grants

$220K

AD-MAST PUBLISHING COTHE DALLAS WEEKLY

TX - 2 grants

$217K

Grants Awarded · 15 grants

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Financials

Total Revenue

$9,394,019

Total Expenses

$6,606,965

Net Assets

$5,034,804

11 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

9.1 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 42.6%

Expenses ↑ 10.3%

Revenue Sources

Contributions 62.6% Earned revenue 35.6% Investment 1.8%

Expense Breakdown

Program 92.6% Management 7.4%

Officers & Trustees (21)

Sign up free to see all officers. We treat individual compensation with extra care; named amounts are on Grow plans.

Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2024 Form 990 Jan 1, 2024 to Dec 31, 2024	$9,394,019 ↑	$6,606,965	$5,034,804
2023 Form 990 Jan 1, 2023 to Dec 31, 2023	$6,588,923 ↑	$5,991,755	$2,247,750
2022 Form 990 Jan 1, 2022 to Dec 31, 2022	$5,768,285 ↑	$4,554,696	$1,637,864
2020 Form 990 Jan 1, 2020 to Dec 31, 2020	$5,522,543 ↑	$4,944,037	$828,218
2018 Form 990 Jan 1, 2018 to Dec 31, 2018	$469,833	$460,871	$54,254